Retirement & Estate Planning — Often in Competition
One aspect of retirement planning is protecting the assets you have accumulated. Estate planning is also about protecting the assets you have accumulated but comes at the issue of asset protection from a different aspect. For example, in retirement planning, one is concerned with asset allocation–the idea of spreading your money among different asset classes so that a decline in [...]
Categories: estate planning, retirement planning Tags: estate planning, retirement estate planning, retirement planning
Retirement & Estate Planning — Often in Competition
One aspect of retirement planning is protecting the assets you have accumulated. Estate planning is also about protecting the assets you have accumulated but comes at the issue of asset protection from a different aspect. For example, in retirement planning, one is concerned with asset allocation–the idea of spreading your money among different asset classes so that a decline in [...]
Categories: estate planning, retirement planning Tags: estate planning, retirement estate planning, retirement planning
Estate and Trust Planning
A trust serves to separate legal and equitable title. In plain English, this means that a trust holds an asset (any asset like a house, car, or bank account) in the name of one person (called the Trustee), but that the asset is really for the benefit of someone else (called the beneficiary). Why have trust and pursue trust planning? [...]
Categories: estate planning, trusts Tags: estate planning, trust planning
Estate/Trust Administration- What's Involved When Someone Dies
When an individual dies, assets of the decedent may be transferred based on how their titled or a named beneficiary. For example, assets held as joint tenants with right of survivorship pass directly to the other joint owner. Similarly, IRA accounts pass directly to the named beneficiaries as do payable on death accounts, transfer on death property, and most life insurance [...]
Categories: estate planning, trusts, wills Tags: estate/trust administration, probate, trust, will
Estate/Trust Administration- What’s Involved When Someone Dies
When an individual dies, assets of the decedent may be transferred based on how their titled or a named beneficiary. For example, assets held as joint tenants with right of survivorship pass directly to the other joint owner. Similarly, IRA accounts pass directly to the named beneficiaries as do payable on death accounts, transfer on death property, and most life insurance [...]
Categories: estate planning, trusts, wills Tags: estate/trust administration, probate, trust, will
Estate Planning Basics – It's not about Money
Estate planning is not just for the rich. It is for anyone that cares about their heirs. In fact, most aspects of estate planning basics have little to do with money. Estate planning basics do address the eventual and economical distribution of your possessions and authority but more importantly, how you take care of your loved ones. Many of you [...]
Categories: estate planning Tags: estate planning
Estate Planning Basics – It’s not about Money
Estate planning is not just for the rich. It is for anyone that cares about their heirs. In fact, most aspects of estate planning basics have little to do with money. Estate planning basics do address the eventual and economical distribution of your possessions and authority but more importantly, how you take care of your loved ones. Many of you [...]
Categories: estate planning Tags: estate planning
Do You Know This About Your IRA Savings?
Many of you are somewhat familiar with the traditional Individual Retirement Account (IRA). It’s a type of retirement account that you can open yourself; it’s not run by your employer. For many people , it’s the bedrock of their retirement plan. Whatever you contribute to it grows tax deferred until you withdraw money. Your IRA savings are taxed as ordinary [...]
Categories: IRAs Tags: ira distributions, ira savings
What is a 457 Retirement Plan?
A 457 retirement plan is a non-qualified (i.e. does not need to meet the restrictions set up by IRS under section 401) deferred compensation plan for government employees and tax-exempt organizations. The plan designed to comply with the rules of Internal Revenue Code section 457 is referred to as a Section 457 retirement plan. Employees are allowed to defer compensation [...]
Categories: retirement income Tags:
Deferred Retirement Options Plans
These plans are sometimes offered to employees of state and local governments. Deferred retirement options plans are offered to employees who continue working past normal retirement age and want to retire rich. In most cases, the employee would stop accruing benefits under the defined benefit plan (a plan that provides a retirement benefit based on the employee’s earnings, age and [...]
Categories: defined retirement option plan Tags: defined retirement option plans
